On February 11, 2026, Kootenay Silver Inc. (“Kootenay”) announced the closing of its p “bought deal” LIFE private placement (the “Offering“) for gross proceeds of $18,000,002.25, which included the exercise in full of the over-allotment option. Pursuant to Offering, the Company sold 8,000,001 common shares of the Company (the “ Shares“) at a price of $2.25 per Share.

Red Cloud Securities Inc. acted as the sole underwriter and bookrunner for the Offering.

Subject to compliance with applicable regulatory requirements, the Offering was conducted pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”) and in reliance on the Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The securities issued to purchasers in the Offering are not subject to a hold period under applicable Canadian securities laws.

Kootenay intends to use the net proceeds for the advancement of its Columba and La Cigarra silver projects in Mexico as well as for working capital and general corporate purposes..

Kootenay is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico. Supported by one of the largest junior portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.

Further details regarding Kootenay, and the Offering can be found on Kootenay’s website. Kootenay trades under the symbol “KTN” on the TSX Venture Exchange.